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Best Buy Co, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January

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Best Buy Co, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 28, 2017, are shown below. Best Buy Co, Inc. Balance Sheet At January 28, 2017 ($ in millions) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable (net) Inventory Other current assets Total current assets Long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 2,240 1,681 1,347 4.864 384 10.516 3,340 $13,856 $ 4,984 2. 138 7,122 2,025 4,709 $13,856 Best Buy Co, Inc. Income Statement For the Year Ended January 28, 2017 ($ in millions) Revenues $39,403 Costs and expenses 37,549 Operating income 1.854 Other income (expense) (38) Incone before incone taxes 1.816 Income tax expense 609 Net income $ 1,207 Best Buy Co, Inc. Income Statement For the Year Ended January 28, 2017 ($ in millions) Revenues $39,403 Costs and expenses 37,549 Operating income 1,854 Other income (expense)* (38) Income before income taxes 1,816 Income tax expense 609 Net income $ 1,207 *Includes $72 of interest expense. Required: 1-a. Calculate the current ratio for Best Buy for its fiscal year ended January 28, 2017 1-b. Calculate the acid-test ratio for Best Buy for its fiscal year ended January 28, 2017 1-c. Calculate the debt to equity ratio for Best Buy for its fiscal year ended January 28, 2017 1-d. Calculate the times interest earned ratio for Best Buy for its fiscal year ended January 28, 2017 (For all requirements, round your answers to 2 decimal places.) 1-a. Current ratio 1-b. Acid-test ratio 1-c. Debt to equity ratio 1-d. Times interest earned ratio

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